Infi-Meuse: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Infi-Meuse
Largest movements
- Cash -€44,266
down €44,266 (-13.1%), from €337,204 to €292,937
mainly Other debts (-€97,651) and Investment in fixed assets (net) (-€20,708)
- Other debts -€97,651
down €97,651 (-68.6%), from €142,397 to €44,746
- Reserves +€78,000
up €78,000 (+35.2%), from €221,860 to €299,860
of which Distributable reserves: +€78,000
- Debts after one year -€13,133
down €13,133 (-34.1%), from €38,508 to €25,375
- Trade debts -€4,631
down €4,631 (-85.6%), from €5,407 to €776
- Turnover -€237,597
no longer reported in 2025 (was €237,597)
- Purchases and services -€112,954
no longer reported in 2025 (was €112,954)
- Gross operating margin -€11,616
down €11,616 (-7.7%), from €150,545 to €138,929
- Financial charges -€8,804
down €8,804 (-55.3%), from €15,912 to €7,108
- Taxes +€5,112
up €5,112 (+20.5%), from €24,888 to €30,001
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €449,948 | €409,023 | -€40,925 | -9.1% |
| Fixed assets | 21/28 | €94,028 | €93,783 | -€245 | -0.3% |
| Tangible fixed assets | 22/27 | €93,978 | €93,733 | -€245 | -0.3% |
| Land and buildings | 22 | €69,902 | €61,535 | -€8,367 | -12.0% |
| Plant, machinery and equipment | 23 | €4,864 | €3,675 | -€1,189 | -24.4% |
| Furniture and vehicles | 24 | €17,073 | €8,380 | -€8,693 | -50.9% |
| Other tangible fixed assets | 26 | €2,138 | €20,142 | +€18,004 | +842% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €355,920 | €315,240 | -€40,680 | -11.4% |
| Amounts receivable within one year | 40/41 | €17,556 | €21,172 | +€3,616 | +20.6% |
| Trade receivables | 40 | €17,556 | €21,172 | +€3,616 | +20.6% |
| Cash at bank and in hand | 54/58 | €337,204 | €292,937 | -€44,266 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,161 | €1,131 | -€30 | -2.5% |
| Total equity and liabilities | 10/49 | €449,948 | €409,023 | -€40,925 | -9.1% |
| Equity | 10/15 | €230,300 | €309,269 | +€78,969 | +34.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €221,860 | €299,860 | +€78,000 | +35.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €220,000 | €298,000 | +€78,000 | +35.5% |
| Profit (loss) carried forward | 14 | €2,240 | €3,209 | +€969 | +43.3% |
| Amounts payable | 17/49 | €219,648 | €99,753 | -€119,894 | -54.6% |
| Amounts payable after more than one year | 17 | €38,508 | €25,375 | -€13,133 | -34.1% |
| Financial debts | 170/4 | €38,508 | €25,375 | -€13,133 | -34.1% |
| Amounts payable within one year | 42/48 | €181,140 | €74,378 | -€106,762 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €13,338 | €13,133 | -€205 | -1.5% |
| Trade debts | 44 | €5,407 | €776 | -€4,631 | -85.6% |
| Suppliers | 440/4 | €5,407 | €776 | -€4,631 | -85.6% |
| Taxes, remuneration and social security | 45 | €19,998 | €15,724 | -€4,274 | -21.4% |
| Taxes | 450/3 | €17,698 | €13,424 | -€4,274 | -24.2% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €142,397 | €44,746 | -€97,651 | -68.6% |
| Turnover | 70 | €237,597 | - | -€237,597 | |
| Non-recurring operating income | 76A | €24,902 | - | -€24,902 | |
| Goods, raw materials, services and sundry goods | 60/61 | €112,954 | - | -€112,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,289 | €20,953 | +€2,665 | +14.6% |
| Other operating charges | 640/8 | €3,775 | €1,898 | -€1,877 | -49.7% |
| Gross operating margin | 9900 | €150,545 | €138,929 | -€11,616 | -7.7% |
| Operating profit (loss) | 9901 | €128,481 | €116,078 | -€12,404 | -9.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,912 | €7,108 | -€8,804 | -55.3% |
| Recurring financial charges | 65 | €15,912 | €7,108 | -€8,804 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €112,569 | €108,970 | -€3,599 | -3.2% |
| Income taxes | 67/77 | €24,888 | €30,001 | +€5,112 | +20.5% |
| Profit (loss) for the period | 9904 | €87,681 | €78,969 | -€8,712 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,681 | €78,969 | -€8,712 | -9.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.